Bookbuilding IPO | ₹346 Cr | Listed at BSE, NSE | Mon, Dec 12, 2022 - Thu, Dec 15, 2022
Abans Holdings IPO is a book build issue of ₹345.60 crores. The issue is a combination of fresh issue of 0.38 crore shares aggregating to ₹102.60 crores and offer for sale of 0.90 crore shares aggregating to ₹243.00 crores.
Abans Holdings IPO bidding started from Dec 12, 2022 and ended on Dec 15, 2022. The allotment for Abans Holdings IPO was finalized on Dec 20, 2022. The shares got listed on BSE, NSE on Dec 23, 2022.
Abans Holdings IPO price band is set at ₹270 per share. The lot size for an application is 55. The minimum amount of investment required by an retail is ₹14,850 (55 shares) (based on upper price). The lot size investment for sNII is 14 lots (770 shares), amounting to ₹2,07,900, and for bNII, it is 68 lots (3,740 shares), amounting to ₹10,09,800.
Aryaman Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Abans Holdings IPO RHP for detailed Information.
IPO Open
Mon, Dec 12, 2022
IPO Close
Thu, Dec 15, 2022
Issue Price
₹270 per share
Market Cap (Pre-IPO)
₹1,353.94 Cr
| IPO Date | 12 to 15 Dec, 2022 |
| Listed on | Fri, Dec 23, 2022 |
| Face Value | ₹2 per share |
| Price Band | ₹256 to ₹270 |
| Issue Price | ₹270 per share |
| Lot Size | 55 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,28,00,000 shares (agg. up to ₹346 Cr) |
| Fresh Issue | 38,00,000 shares (agg. up to ₹103 Cr) |
| Offer for Sale | 90,00,000 shares of ₹2 (agg. up to ₹243 Cr) |
| Share Holding Pre Issue | 4,63,45,950 shares |
| Share Holding Post Issue | 5,01,45,950 shares |
| BSE Script Code / NSE Symbol | 543712 / AFSL |
| ISIN | INE00ZE01026 |
Abans Holdings IPO offers total 1,28,00,000 shares. Out of which 12,80,000 (10.00%) allocated to QIB, 38,40,000 (30.00%) allocated to NII 76,80,000 (60.00%) allocated to RII.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 12,80,000 (10.00%) | NA |
| NII (HNI) Shares Offered | 38,40,000 (30.00%) | NA |
| − bNII > ₹10L | 25,60,000 (20.00%) | 3,324 |
| − sNII < ₹10L | 12,80,000 (10.00%) | 1,662 |
| Retail Shares Offered | 76,80,000 (60.00%) | 1,39,636 |
| Total Shares Offered | 1,28,00,000 (100.00%) |
Investors can bid for a minimum of 55 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 55 | ₹14,850 |
| Retail (Max) | 13 | 715 | ₹1,93,050 |
| S-HNI (Min) | 14 | 770 | ₹2,07,900 |
| S-HNI (Max) | 67 | 3,685 | ₹9,94,950 |
| B-HNI (Min) | 68 | 3,740 | ₹10,09,800 |
Incorporated in 2009, Abans Holdings Limited is engaged in Financial Services, Gold Refining, Jewellery, Commodities Trading, Agricultural Trading and Warehousing, Software Development and Real Estate. The company represents the financial services arm of the Abans Group.
Abans Holdings Limited provides NBFC services, global institutional trading in equities, commodities and foreign exchange, private client stock broking, depositary services, asset management services, investment advisory services and wealth management services to corporates, institutional and high net worth clients.
The company's business is divided into:
Finance Business: The company operates an RBI Registered NBFC (Non-Deposit taking).
Agency Business: The company is SEBI registered Stock and Commodity Exchange Brokers with memberships across all the major stock exchanges in India, including BSE, NSE, MSEI, MCX, NCDEX and ICEX.
Capital and other Business: The Capital Business includes the internal treasury operations which manage the excess capital funds.
The company is primarily a holding company and we operate all our businesses through our seventeen (17) subsidiaries (including three (3) direct subsidiaries and fourteen (14) indirect/step-down subsidiaries). The company has active businesses in six (6) countries across the Eastern Continents, including Hongkong, the UK, UAE, China, Mauritius and India.
On a consolidated basis the company has employed 100 employees as of August 31, 2022.
Competitive Strengths:
| Period Ended | 31 Aug 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 1,230.72 | 1,168.69 | 1,181.51 | 1,212.98 |
| Total Income | 288.31 | 646.23 | 1,331.37 | 2,771.88 |
| Profit After Tax | 29.74 | 61.97 | 45.80 | 39.22 |
| NET Worth | 678.17 | 631.11 | 561.95 | 499.55 |
| Reserves and Surplus | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Borrowing | 76.92 | 85.90 | 267.39 | 318.79 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Further Investment in our NBFC Subsidiary (Abans Finance Pvt. Ltd.) for financing the augmentation of its capital base to meet its future capital requirements | 80.00 |
| 2 | General Corporate Purpose | 19.91 |
| KPI | |
|---|---|
| ROE | 9 |
| ROCE | 11 |
| Debt/Equity | 0.12 |
| RoNW | 9.01 |
| PAT Margin | 9.59% |
| EBITDA Margin | 14.48% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 13.37 | |
| P/E (x) | 18.96 | |
| Promoter Holding | 97.42% | 72.09% |
| Market Cap | ₹1,353.94 Cr. |
The Abans Holdings IPO is subscribed 1.1 times on December 15, 2022 7:00:00 PM (Day 4). The public issue subscribed 0.4 times in the retail category, 4.1 times in the QIB category, and 1.48 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 4.1 | 12,80,000 | 52,47,385 |
| NII | 1.48 | 38,40,000 | 56,68,080 |
| bNII (bids above ₹10L) | 2.15 | 25,60,000 | 55,04,730 |
| sNII (bids below ₹10L) | 0.13 | 12,80,000 | 1,63,350 |
| Retail | 0.4 | 76,80,000 | 31,07,060 |
| Total | 1.1 | 1,28,00,000 | 1,40,22,525 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Offer Management fees including fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 2.40 |
| 2 | Brokerage and Selling Commission | 1.27 |
| 3 | Printing & Stationery, Distribution, Postage, etc. | 0.40 |
| 4 | Advertisement and Marketing Expenses | 0.75 |
| 5 | Stock Exchange Fees, Regulatory and other Expenses | 1.26 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹270.00 | ₹270.00 |
| Open | ₹270.00 | ₹273.00 |
| Low | ₹216.00 | ₹218.40 |
| High | ₹272.00 | ₹273.00 |
| Last Trade | ₹216.05 | ₹218.40 |
Lead Manager Reports
Abans Holdings IPO is a main-board IPO of 1,28,00,000 equity shares of the face value of ₹2 aggregating up to ₹346 Crores. The issue is priced at ₹270 per share. The minimum order quantity is 55.
The IPO opens on Mon, Dec 12, 2022, and closes on Thu, Dec 15, 2022.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Abans Holdings IPO using UPI as a payment gateway. Zerodha customers can apply in Abans Holdings IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Abans Holdings IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Abans Holdings IPO opens on Mon, Dec 12, 2022 and closes on Thu, Dec 15, 2022.
Abans Holdings IPO lot size is 55, and the minimum amount required for application is ₹14,850.
You can apply in Abans Holdings IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Abans Holdings IPO will be done on Tuesday, December 20, 2022, and the allotted shares will be credited to your demat account by Thu, Dec 22, 2022. Check the Abans Holdings IPO allotment status.
The Abans Holdings IPO listing date is on Fri, Dec 23, 2022.
